Economics
Euro-Region Inflation Rate Declines More Than Forecast
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European inflation slowed more than economists forecast this month, cooling to the least in more than a year as the economic slump showed signs of deepening.
The inflation rate in the 17-nation euro area fell to 2.4 percent from 2.6 percent in April, the European Union’s statistics office in Luxembourg said today. That’s the slowest since February 2011. Economists forecast a 2.5 percent rate, based on the median of 32 estimates in a Bloomberg News survey. A separate report showed German unemployment fell this month.